For Better or Worse, Parents’ Financial Habits Affect Their Kids
A T. Rowe Price survey of parents and their kids finds that kids do better when their parents let them decide how to save and spend their money on their own.
Advisor Gets 7-Year Sentence for $21M Ponzi Scheme: Enforcement
In other enforcement news, SEC charges a Virginia man with insider trading and FINRA fines Credit Suisse.
Being a Fiduciary Is More Than Offering the Lowest Cost Solution
SEI's John Frownfelter warns that overly cost-focused advisors are overlooking valuable asset classes and that passive investing may be a bubble about to burst.
Don’t Lose Money Twice With Binary Options Follow-Up Schemes: FINRA
FINRA is aware of instances in which a binary options customer hears from individuals who claim they can help the customer get back lost money.
Top 20 Companies for Annuity Sales: 2016
Variable annuity sales hit their lowest level since 1998, but fixed annuity sales were a relative bright spot.
Merrill Edge Redesigns Mobile App: Portfolio Products
In other news, Prudential Investments changes its name to PGIM Investments.
First Ascent Finds Success in Move to Flat Fees
First Ascent CEO Scott MacKillop admits flat fee pricing may not be for everyone.
Tech Exec Gets 9 Years in Prison Over Fraudulent Stock Offering: Enforcement
In other enforcement news, an auditor was charged with insider trading on a client’s nonpublic information.
Future Retirees Could Be More Reliant on Social Security
The Center for Retirement Research finds that total wealth from retirement plans has largely been flat from 1992 to 2010.
5 Ways Big Investors Are Challenging Traditional Investment Strategies
A Natixis survey of 500 institutional investors finds that institutions may be second-guessing the efficacy of long-standing portfolio strategies.